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Guideline Value

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Guideline Value for VPG AVENUE / EXTN 2ND STREET

₹1110/sq.ft.

The guideline value for Vpg Avenue / Extn 2nd Street in Pallikaranai village (Chennai South Joint I SRO, Chennai zone) is Rs 1110 per sq.ft, effective 1 July 2024. It was Rs 1000 per sq.ft from 1 April 2023, a 11% change. The land classification is Residential Class Iv Type - Iii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Pallikaranai

Village

Chennai South Joint I

SRO

Residential Class IV Type - III
History
Period Guideline Value
From 1-7-2024 ₹1110 /sq.ft.
From 1-4-2023 ₹1000 /sq.ft.
From 9-6-2017 To 31-3-2023 N/A
From 1-4-2012 To 8-6-2017 ₹1000 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Integrated Building For Offices Of The Commerrcial Taxes And Registrations Department ,fanepet Nandanam ,chennai -600 035
044-29510536
[email protected]

DRO (District Registrar Office)

Integrated Building For Offices Of The Commercial Taxes And Registration Department, Fanepet, Nandhanam, Chennai - 35.
044-22505552
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on Vpg Avenue / Extn 2nd Street

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Vpg Avenue / Extn 2nd Street guideline value

The current guideline value for Vpg Avenue / Extn 2nd Street is Rs 1,110 per sq.ft, effective from 1 July 2024. This street is located in Pallikaranai village, falling under the Chennai South Joint I SRO. The land classification for this area is Residential Class IV Type - III.

How the guideline value of Vpg Avenue / Extn 2nd Street has changed

In the 2012 revision, the guideline value for Vpg Avenue / Extn 2nd Street was Rs 1,000 per sq.ft. This figure remained unchanged through the 2023 revision, which also listed the value at Rs 1,000 per sq.ft. However, in the 2024 revision, the guideline value increased to Rs 1,110 per sq.ft, marking an 11% rise from the previous year.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 11%. Notably, the register has no figures for the years 2002, 2003, 2007, and 2017 for this street.

Guideline values in Pallikaranai

Pallikaranai village has a total of 749 streets under the Chennai South Joint I SRO, with 2024 guideline values ranging from Rs 1,110 to Rs 8,580 per sq.ft. The median guideline value for these streets is Rs 1,650 per sq.ft, placing Vpg Avenue / Extn 2nd Street's 2024 figure below that median.

Stamp duty and registration fee for property in Vpg Avenue / Extn 2nd Street

For a 1,000 sq.ft plot at the current guideline value of Rs 1,110 per sq.ft, the total guideline value amounts to Rs 11,10,000. The stamp duty at 7% would be Rs 77,700, while the registration fee at 2% would be Rs 22,200. Together, these fees would total Rs 99,900. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details on fees applicable to your property transaction.

Which Sub Registrar Office covers Vpg Avenue / Extn 2nd Street?

The Sub Registrar Office that covers Vpg Avenue / Extn 2nd Street is the Chennai South Joint I Sub Registrar Office, located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Pallikaranai

The guideline value is a crucial factor in the registration process of property transactions in Pallikaranai. It determines the minimum value at which properties can be registered, ensuring that the government receives appropriate revenue from stamp duty and registration fees.

When buying or selling property, the guideline value serves as a benchmark for calculating the applicable fees. Buyers should be aware that the stamp duty is charged based on the higher of the guideline value or the sale price, which can affect the overall cost of the transaction.

Frequently asked questions

What is the current guideline value for Vpg Avenue / Extn 2nd Street?

The current guideline value for Vpg Avenue / Extn 2nd Street is Rs 1,110 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value for Vpg Avenue / Extn 2nd Street has changed from Rs 1,000 per sq.ft in 2012 to Rs 1,110 per sq.ft in 2024, reflecting an 11% increase over this period.

What are the other streets in Pallikaranai with their guideline values?

Other streets in Pallikaranai include V.P.J. Nagar at Rs 1,320 per sq.ft, Vyasar Cross Street at Rs 1,110 per sq.ft, V.O.C. Nagar / Street at Rs 1,650 per sq.ft, Weaker Section Nagar at Rs 1,320 per sq.ft, West Anna Nagar 12th Street at Rs 1,320 per sq.ft, and West Anna Nagar 2nd Street at Rs 1,320 per sq.ft.

What is the registration fee and stamp duty for properties on this street?

For a 1,000 sq.ft property on Vpg Avenue / Extn 2nd Street, the total guideline value is Rs 11,10,000. The stamp duty would be Rs 77,700 and the registration fee would be Rs 22,200, totaling Rs 99,900.

Where is the Sub Registrar Office located for Vpg Avenue / Extn 2nd Street?

The Sub Registrar Office for Vpg Avenue / Extn 2nd Street is located at Integrated Building For Offices Of The Commercial Taxes And Registrations Department, Fanepet Nandanam, Chennai - 600 035.